Collins Systems Inc. is trying to develop an asset$-$financing plan. The firm has $$300,000$ in temporary current assets and $$200,000$ in permanent current assets. Collins also has $$400,000$ in capital assets. Assume a tax rate of $40$ percent.

a$.$ Construct two alternative financing plans for Collins. One of the plans should be conservative, with $80$ percent of assets financed by long$-$term sources, and the other should be aggressive, with only $30$ percent of assets financed by long$-$term sources. The current interest rate is $15$ percent on long$-$term funds and $10$ percent on short$-$term financing.

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